In a commentary released Tuesday, analysts at FBR Capital Markets pointed to market trends and recent events as evidence that origination volumes should remain elevated.
Read More »FHFA Reports 107K HARP Refinances in April
Fannie Mae and Freddie Mac reported a combined 107,000 refinances in April through the Home Affordable Refinance Program (HARP), according to data from the Federal Housing Finance Agency (FHFA).
Read More »Refinance Applications Down 29.5% in June, Purchase Volume Climbs
According to data taken from the Mortgage Bankers Association (MBA) and compiled by Capital Economics, total application volume plummeted 22.5 percent in June.
Read More »Loan Volume, Profits Decline at Independent Mortgage Bankers
Profits and loan volume declined at independent mortgage bankers in the first quarter of the year, the Mortgage Bankers Association (MBA) reported.
Read More »Refinance Applications Fall as Rates Rocket
Mortgage applications continued to fall last week following a sizable spike in interest rates, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey. The Refinance Index fell 5 percent from the previous week, dipping to its lowest level since November 2011. The refinance share of total mortgage activity also declined, falling to 67 percent--the lowest level since July 2011. Meanwhile, the seasonally adjusted Purchase Index actually rose, increasing 2 percent.
Read More »Analysts: Short-Term Shaky for Originators, Long-Term Prospects Solid
Though rising mortgage rates and the current supply and demand situation present short-term difficulties for originators, Deloitte says the long-term picture is rosier.
Read More »Freddie Mac: Increasing Rates Won’t Shut Down Recovery
Freddie Mac maintains in its latest U.S. Economic and Housing Market Outlook that rising mortgage rates shouldn't have a significant impact on housing affordability or the recovery for the time being.
Read More »Mortgage Applications Resume Downward Spiral
After coming back for a short period, mortgage applications resumed their downward trend in June's second week, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of loan application volume, fell 3.3 percent on a seasonally adjusted basis for the week ending June 14. On an unadjusted basis, the index dropped 4 percent compared with the previous week. At the same time, mortgage rates continued to increase.
Read More »HARP Refinances Stay on Pace in Q1
In March, the GSEs refinanced close to 100,000 loans through HARP, bringing the program total since the 2009 inception to nearly 2.4 million.
Read More »Economy, Housing Continuing on Slow Track to ‘Normal’
While fiscal headwinds have held back economic growth, Fannie Mae maintains in its newest outlook that the recovery should pick up the pace in the year's second half.
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